ISSN: 0137-3056


Punkty MNiSW:

13



Redaktor naczelny:
prof. dr hab. Tomasz Żylicz
tzylicz@wne.uw.edu.pl

Sekretarz redakcji:
Marta Höffner
ekonomia@wne.uw.edu.pl
(48) 22 55 49 184

Wydawca:



Polish and Swedish Fiscal Policy in the Years 1772-1792. A Short-Run Analysis

P. Koryś, M. Tymiński

ABSTRAKT: This paper compares Poland and Sweden in the second half of eighteenth century, as two, poorly developed, agrarian countries. Sweden secured its existence, but Poland did not manage to break out of a political dependency and ultimately vanished from the map. We would like to discuss the causes of these different outcomes. Contemporary interpretations underline the role of reasonable fiscal policy. We argue that in this particular case this explanation is insufficient. Contrary to that, our analysis shows that in the context of short term political risks, expansive fiscal policy which led to unpayable debt may be more justifiable than policy of balanced budget.

Pełny tekst (PDF)


Numer wydania: 33

W numerze:

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FFR Level in the Period 2000-2007 and the Emergence of the Asset Price Bubble on the US Real Estate Market
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Polish and Swedish Fiscal Policy in the Years 1772-1792. A Short-Run Analysis
P. Koryś, M. Tymiński
ABSTRAKT | PDF
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Comparison of Alternative Approaches to VaR Evaluation
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